Town government · McCormick County, SC

McCormick's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), McCormick took in $1.3 million and spent $1.6 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Town taxes74%Fines and other10%State tax money9.3%Fees for services (garbage collection)5.6%County and local tax money0.7%

What stands out

45%

of McCormick's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes74%

Other taxes
45%$571 thousand
What's in other taxesOther licenses
  • Other licenses$571 thousand

Amounts are by Census tax category.

Property tax
29%$365 thousand

Fees for services5.6%

Fees for services
5.6%$71 thousand
What's in fees for servicesGarbage collection
  • Garbage collection$71 thousand

Amounts are by Census type of charge.

State tax money9.3%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
9.3%$118 thousand

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$9 thousand

Fines and other10%

Interest, rents and other
10%$133 thousand

Where it goes

Running the government and other costs62%Police, fire, courts and jails38%

What stands out

62%

of McCormick's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
62%$971 thousand
What's in running the government and other costsOther and not broken out and finance, tax collection and budgeting
  • Other and not broken out$712 thousand
  • Finance, tax collection and budgeting$259 thousand
Police, fire, courts and jails
38%$601 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$478 thousand
  • Fire protection$114 thousand
  • Courts and legal services$9 thousand
Sources and moreWhere these numbers come from and what they cover

Town of McCormick. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of McCormick itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.